Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed sees rising bond yields, inflation expectations as a possible win
By Jonnelle Marte, Ann Saphir and Howard Schneider (Reuters) - A recent rise in U.S. bond yields and market inflation expectations has bolstered Federal Reserve officials' hopes that the central bank'...
Jan 07, 2021
Bitcoin hits $40,000 for first time, but pullback likely imminent
By Gertrude Chavez-Dreyfuss and Chuck Mikolajczak NEW YORK (Reuters) - Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than...
Jan 07, 2021
Trump administration expected to mull expansion of China investment ban-sources
By Alexandra Alper, Humeyra Pamuk and Mike Stone WASHINGTON (Reuters) - Trump administration officials plan to meet on Thursday to discuss proposed changes to an executive order banning U.S. investmen...
Jan 07, 2021
Bullard: Loose Fed, post-pandemic boom could set stage for higher inflation
WASHINGTON (Reuters) - The combination of easy monetary policy, ample government spending, and a possible economic surge once the pandemic lifts could spark faster-than-expected inflation, St. Louis F...
Jan 07, 2021
Biden to pick Raimondo for Commerce secretary: CNN
WASHINGTON (Reuters) - President-elect Joe Biden is prepared to pick Gina Raimondo to lead the U.S. Commerce Department, CNN reported on Thursday, citing two people familiar with the matter. The annou...
Jan 07, 2021
Smithfield Foods shakes up management team under new CEO
CHICAGO (Reuters) - Smithfield Foods on Thursday unveiled a management shakeup as the world's largest pork processor and its new chief executive deal with the ripple effects of a pandemic-led drop in ...
Jan 07, 2021
Tesla’s stock market value tops Facebook’s
By Noel Randewich (Reuters) - Shares of Tesla surged to a record high on Thursday, with the electric car maker's stock market value briefly exceeding Facebook's for the first time. The company led by ...
Jan 07, 2021
Fed’s Evans says probably 2024 before rates start to rise
(Reuters) - Chicago Federal Reserve President Charles Evans on Thursday said he believes the Fed will likely hold rates near zero until 2024 to give inflation time to return to 2%. "With continuations...
Jan 07, 2021
USTR suspends tariff action against France over its digital services tax
WASHINGTON (Reuters) - The U.S. government on Thursday said it would suspend plans to impose tariffs on French goods starting on Jan. 6 in retaliation for a French digital services tax that Washington...
Jan 07, 2021
U.S. federal investigators probe business-card sales practices at AmEx – WSJ
(Reuters) -Federal investigators are probing business-card sales practices at American Express Co, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The investigato...
Jan 07, 2021
